Spending and Fiscal Impact Analysis verifies that Wisconsin Center expansion will meet or exceed State moral obligation criteria
December 10, 2019
A Spending and Fiscal Impact Analysis conducted by HVS verifies that Wisconsin Center expansion will meet or exceed the criteria for State moral obligation underwriting of project bonds.
Specifically, HVS determined that the Wisconsin Center District can reasonably expect that an expanded Wisconsin Center will:
- Include an exposition hall of at least 100,000 square feet.
- Support at least 2,000 full time equivalent jobs.
- Stimulate at least $6.5 billion in total spending in the state over the 30-year period beginning on the date on which the bonds, the proceeds of which will be used to construct the exposition center expansion, are issued.
- Attract at least 50,000 out-of-state visitors annually.5.Generate at least $150 million of incremental state income, franchise and sales tax revenues over the 30-year period beginning on the date on which the bonds, the proceeds of which will be used to construct the exposition center expansion, are issued.
The full report: